AUD/USD Outlook (27 February 2020)

Overall, AUD/USD is trending downwards. Recently, AUD/USD trended lower, breaking below the key level of 0.66.
The Australian Private Capital Expenditure q/q data (Actual: -2.8%, Forecast: 0.5%, Previous: -0.4% revised from -0.2%) released earlier today was worse than forecasted.
AUD/USD’s next support level is at 0.63236 and the next resistance level is at 0.66800.
Look for selling opportunities of AUD/USD.